Kensington Group is launching into the second charge loan market.
Kensington Personal Loans will offer products to borrowers from near prime to unlimited adversity, with criteria such as self-certification up to 90 per cent loan-to-value for clients with arrears, and loan amounts up to £100,000.
The products will initially only be available via a small number of packagers before a full roll-out in the near future.
Kensington Personal Loans managing director of Alison Hutchinson: “A decade ago, Kensington Mortgages pioneered a new way of lending for the first charge market and now we are taking this approach to support the transformation of the secured loan sector.
“Our service is built on high standards and focuses on speed of decisions and pay out, with dedicated relationship underwriters and same day payment to customers.”